With the failure of Signature and Silicon Valley Bank, many individuals are looking to recoup their losses by diving into the crypto market. While Ethereum Classic (ETC) and FTX Token (FTT) may seem like good projects due to their past success, experts think that a new venture currently in Stage 1 of its presale could bring 35x the gains to investors – Collateral Network (COLT).
Collateral Network (COLT)
People will be able to utilize priceless assets (expensive wines, classic vehicles, jewels, etc.) as collateral for loans thanks to the revolutionary new decentralized crowdlending platform Collateral Network (COLT). By placing these assets in Collateral Network (COLT), users can unlock their total liquidity without selling them.
Collateral Network (COLT) will obtain these items from borrowers, mint an NFT that represents the actual physical version of it (100% asset-backed), fractionalize it, and then allow the Collateral Network (COLT) community to fund the loan by purchasing it partially. As a result, by lending their cash, lenders may partake in the predetermined interest rate while borrowers benefit from a 24-hour turnaround.
For those worried about safety, know that Collateral Network (COLT) will implement 2FA security options, a 2-year lock on team tokens, and a 33-year seal on the liquidity pool. Additionally, the token smart contract has already been audited – indicating that Collateral Network (COLT) is one of the safest investment options on the market.
The native token COLT will be the center of this platform and its expansive ecosystem. Holding COLT will let you participate in governance, staking rewards, and borrowing/trading fee discounts – for a current price of just $0.01! But this price won’t be available much longer, as experts predict a hike to $0.35 in the next five months. You should take advantage of this 3500% increase by engaging in the presale right away.
Ethereum Classic (ETC)
Ethereum Classic (ETC) had a good month in March, performance-wise, with a rise to $22.35. However, it now appears that Ethereum Classic (ETC) has cooled off as it, at the time of writing, trades at $21.25, a jump of 1.94% in the past day alone.
The 24-hour trading volume for Ethereum Classic (ETC) has also increased by 14% and now sits close to $150,000,000. On the other hand, the technical indicators for Ethereum Classic (ETC) are showing a sell signal.
Analysts remain bullish for Ethereum Classic (ETC) as they predict it could reach $25.90 within Q4 of 2023. However, Ethereum Classic (ETC) still lacks the real-world utility that could push it further, causing the Ethereum Classic (ETC) holders to seek other projects with more profitability.
FTX Token (FTT)
Customers will soon be able to withdraw cash held back since parent company FTX filed for bankruptcy and the FTX Token (FTT) plummeted, thanks to FTX EU. This news caused a slight rally for FTX Token (FTT) as it increased by 0.35% overnight and at the time of writing, trades at $1.29.
However, the trading volume for FTX Token (FTT) now stands at $5,172,019, a fall of 15% in the past day alone. The technical analysis for FTX Token (FTT) also paints an alarming situation, with all its technical indicators and moving averages showing strong sell signals.
With some rumors that FTX could soon restart, the FTX Token (FTT) may also rise. Some analysts forecast that FTX Token (FTT) may reach $1.64 by December 2023, but nothing has been confirmed yet, and without FTX, the growth potential of FTX Token (FTT) is limited.
Find out more about the Collateral Network presale here: